Tuesday, October 23, 2018

Medallion Press Bankrupt

Medallion (2003-2018) press has filed for bankruptcy.  Honestly I think their glossy enthusiasm-and-money approach for publishing (rather than boring fundamentals) was more successful--and for longer--than I expected. 

Most companies that make un-ironic use of the term "synergize" don't break the five year mark. It might have helped that the founder is an heiress to the Wrigley fortune, I suppose.  It is unclear to what extend the company ever ran in the black.

My bias to be skeptical of them might be because of the way the founder said "MP does not publish erotica" -- clarifying that they publish literally any other genre you can think of. I could actually hear the disdain in the italics. 

Nevertheless I have to admit Medallion Press/Media Group had a pretty good run of it. 

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